Vaisala Oyj (LTS:0GEG)
€ 47.35 1.1 (2.38%) Market Cap: 1.75 Bil Enterprise Value: 1.71 Bil PE Ratio: 31.89 PB Ratio: 6.23 GF Score: 96/100
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Q2 2023 Vaisala Oyj Earnings Call Transcript

Jul 28, 2023 / 09:00AM GMT
Release Date Price: €37.45 (-1.06%)
Operator

Good day, and welcome to today's Vaisala Second Quarter 2023 Conference Call. This meeting is being recorded. At this time, I'd like to hand the call over to Vaisala President and CEO, Mr. Kai Oistamo. Please go ahead, sir.

Kai Olavi Oistamo
Vaisala Oyj - President & CEO

Thank you, and welcome for the second quarter -- Vaisala second quarter call from my side as well. My name is Kai Oistamo, I'm the President and CEO of the company. And I'm joined here with our CFO, Heli Lindfors; Paula Liimatta, our Head of IR; and our Chairman of the Board, Ville Voipio.

Yes. If I characterize the second quarter, it really was about uncertain market and actually pretty good performance in an uncertain market. So if we look at the numbers, actually, our net sales grew by 9%, and we had a higher EBIT than year before same time.

That being said, the growth came from a different place than it has been for a while now. So growth in orders received, net sales was really driven by Weather and Environment, a great performance on that side. And at the same time

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